Energy is surging

Powering up: Vehicles refuel at a roadside Exxon station in the United States. The company has promised to accelerate US$10bil (RM42bil) worth of share repurchases originally targetted for over the next two years. —Bloomberg

NEW YORK: After two years of meandering, energy stocks are finally coming to life.

Soaring oil prices are a big part of that – but so is the equities selloff that kicked off the year.